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Plastic Paychecks: Employers Cut Expenses by Shifting From Paper Paychecks to Payroll Debit Cards |
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Wednesday, 31 December 1969 |
The Dallas city government doesn't issue paychecks anymore. All 13,000 city employees are paid by electronic means-either through the familiar arrangement of direct deposit to a bank account or by the newer method of deposit to a personal account set up by the employer and accessed by the employee with a debit card. In its effort to shift employees away from costly paper paychecks, Dallas has joined the ranks of employers ranging from giants-Sears, Office Depot, Chicago's public school system-to small firms with a few hundred on the payroll. Like many employers, Dallas seeks to cut payroll costs by steering paycheck employees to a cheaper, faster - and perhaps safer-way to convert their earnings to cash.
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Last Updated ( Friday, 01 September 2006 )
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